RPT-Indonesia, Turkey, IDB to form sharia infrastructure megabank

May 27, 2015 12:12 AM

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JAKARTA May 26 (Reuters) - Indonesia is prepared to contribute at least $300 million to a new Islamic infrastructure bank that the Southeast Asian nation will co-found with Turkey and a Saudi-based multilateral lender, the country's finance minister said on Tuesday.

The idea for the proposed bank comes as Asian nations seek to boost cross-border lending for infrastructure, with China taking the lead with its Asian Infrastructure Investment Bank (AIIB).